For more than a decade, the North Sea’s once-booming oil sector was mired in decline. Against the odds, it has emerged as an unlikely bright spot in today’s stormy global energy industry.
Royal Dutch Shell is planning to spend $US600 million to $US1bn a year in the North Sea in the coming years, while BP expects to double its production there by 2020.
Shell is now focused on maintaining its North Sea output at around 150,000 barrels a day into the late 2020s.
*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, the Independent Shell Archive, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All conjured up by internet wizz, Nick Gill.
